Solar Watt bends muscles in a household energy storage battle with Shell, Tesla

  • Solar Watt Eyes supported by Kvanto are the top 5 spots for energy storage at home
  • An integrated device with the aim of attracting customers to a brand
  • Manager Flex will be available for around 500 euros

Frankfurt, July 7th (Reuters) – Germany’s Solarwatt, supported by BMW billionaire Stefan Quandt, enables homeowners to cost-effectively connect solar modules on the roof with batteries and electric vehicles.

Wallboxes allow homeowners to control when and how much of their own photovoltaic (PV) electricity is stored, used to charge electric vehicles (EVs), or sold to the grid. ..

Move wants owners of Shell (RDSa.L) sonnen, BYD in China (02592.SZ), German E3 / DC, EnBW (EBKG.DE) Senec, LG Chem (051910.KS), Varta (VAR1.DE) and Tesla (TSLA.O) dominates the home storage market, according to EuPD Research.

“Energy managers are the brains of the house,” Peter Buckman, Vice President for Customer Solutions at Solar Watt, told Reuters ahead of the planned start on Wednesday.

“Distributes the power intelligently from the roof.”

The Manager Flex device looks like a WLAN router and costs around 500 euros. This allows you to integrate energy flows and devices such as roof panels, batteries, electric heat pumps and EV charging boxes into your home. ..

After Coping With BMW household storage batteries (BMWG.DE) last month, SolarWat, which is also active in France, Italy, Spain, the Netherlands, Great Britain and Australia, said it plans to climb among the top 5 players by the end of 2022.

Quandt, who together with his sister Susanne Klatten owns almost half of BMW, is getting a page from Tesla’s strategy book, which includes products from solar roof assembly to automobiles, thanks to the merging of the power and automotive divisions. I am.

“It shows that DNA has a holistic mindset,” said Kvanto, who owns the majority of Solar Watts.

Germany is a clear starting point. Equipped with 300,000 stationary batteries, it is the world’s leading home storage market ahead of the USA, Japan and Australia.

The German battery market has increased tenfold since 2015 and is expected to grow by 60% this year. It is backed by 16 million homeowners, 2 million of whom operate solar panels.

House energy components and management systems must be digitally linked so that customers can monitor production, consumption, prices and participate in the network.

Air conditioning providers such as Viessmann and solar inverter manufacturer SMA (S92G.DE) We also develop control devices to attract customers to the virtual community.

“The decisive factor is who supplies the entire home system from solar to batteries to (EV) wall boxes,” says Andreas Radics, partner at Beryls Strategy Advisors.

The production of 1 kilowatt hour (kWh) of solar power in Germany currently costs 7 cents, which is a fifth of the electricity from the grid.

Installing panels to generate electricity, installing electric heat pumps to replace oil and gas boilers, and buying electric vehicles instead of gasoline-powered vehicles can cut CO2 emissions by 89%.

That’s if you can afford it.

PV and battery systems together can cost around € 15,000, electric heaters an additional € 10,000 and electric vehicles cost € 30,000 to € 40,000, but knowledgeable buyers are billed through government subsidy programs. Can be cut in half.

Berlin is expected to top 1 million EV car registrations this week and up to 10 million by 2030 for those who do not respond to incentives, penalties like a new CO2 tax on heat and fuel.

“The increased sales of electric vehicles will directly drive the corresponding implementation of smart energy products in the home sector,” said Stephen Apple, partner at PricewaterhouseCoopers.

Oliver Koch, CEO of Sonnen, said electric vehicles are driving the demand for electric vehicles and batteries for the company. “A third of buyers (in these segments) add chargers for electric vehicles. I have. “

Tesla did not respond to requests for comment.

On the other hand, manufacturers in the home sector are looking for the technological dynamism that creates a synergistic effect between stationary and EV batteries, but even more important because that is where the customers are.

Like its rivals Volkswagen (VOWG_p.DE) and Daimler (DAIGn.DE), BMW is confronted with a drop in sales of combustion engines and is forced to look for new areas of future profitability.

Electric vehicle manufacturers have begun to look for connections between electric vehicles and home circuits to convert home and car power to electricity, and between electric vehicles and grids to provide and use stability services. I am recycling the battery.

It is their concern that the wallbox is operated with solar power in order to support the green footprint of the electric vehicle.

If they are filled from the public power grid, electric vehicles inevitably have to consume the current share of 50% fossil fuels and nuclear fuels.

“The (Germany) EV target of 10 million units can only be achieved if the industry can present its customers with sustainable offers,” said a BMW spokeswoman.

($ 1 = 0.8412 euros)

Published by David Evans

Our criteria: Thomson Reuters Trust Principles.

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